Cardano (ADA) has experienced a significant surge in price over the past 24 hours as traders analyze the implications of Ripple’s recent legal victory on the broader cryptocurrency market. On July 14, ADA price rose by 6% to reach $0.379, its highest level in over a month. However, some of these gains were later reduced
Analysis
Solana’s (SOL) price experienced a momentary surge to a new year-to-date high on June 14 following Ripple’s partial victory against the United States Securities Exchange and Commission (SEC). The court ruling contested XRP’s (XRP) classification as a security, leading to a 48.09% increase in the token’s value, reaching a peak of $32.40. However, the price
Bitcoin (BTC) appeared to be on track to challenge range highs on July 13 as new macroeconomic data gave a boost to risk asset bulls. The BTC price focus shifted above $30,500, according to data from Cointelegraph Markets Pro and TradingView. The United States Producer Price Index (PPI) numbers released on that day came in
New data from crypto analytics firm Glassnode reveals that Bitcoin (BTC) at $30,000 has become the most popular “buy” level to date. Despite the price action of BTC stalling near this mark, buyer behavior indicates a significant demand for the largest cryptocurrency in the market. Glassnode’s Entity-Adjusted URPD (UTXO Realized Price Distribution) metric, which monitors
XRP (XRP) price experienced a significant increase today following the news that Federal District Judge Analisa Torres of the Southern District of New York rejected the United States Securities and Exchange Commission’s (SEC) claim that XRP is a security. The market responded positively to the ruling, causing the price of XRP to rise by over
The price of Bitcoin has been trading within a narrow range of $29,900 to $31,160 for the past 18 days, leaving investors perplexed and searching for explanations. Despite a significant rally in mid-June that pushed Bitcoin to its highest price in over a year, the cryptocurrency has struggled to maintain prices above $31,000. This, coupled
Cardano’s native token ADA experienced a significant setback in June when the United States Securities and Exchange Commission (SEC) categorized it as a security in its legal actions against Binance and Coinbase. This classification resulted in a 42.5% drop in ADA’s price, plunging it to a two-year low of $0.21 within a few days. Furthermore,
New data from on-chain analytics firm Glassnode reveals that the amount of Bitcoin (BTC) held on exchanges has dropped significantly, reaching levels not seen since the 2017 all-time high. Currently, less than 12% of the total BTC supply resides in exchange wallets. This decrease in exchange balances follows a period of increased activity during the
Bitcoin (BTC) made gradual progress towards the $31,000 mark on July 12, as the highly anticipated macroeconomic event of the week loomed. BTC’s price momentum was closely monitored by data from Cointelegraph Markets Pro and TradingView. Despite its steady rise, the largest cryptocurrency exhibited minimal volatility at the beginning of the week, with clearly defined
Standard Chartered, a prominent banking institution, has recently made a significant shift in its stance on Bitcoin (BTC) by predicting a substantial price recovery. Contrary to its previous forecast of BTC dropping to as low as $5,000, the bank now anticipates the cryptocurrency to reach $50,000 by 2023, followed by a further surge to $120,000